Leonardo (OTCMKTS:FINMF) Trading 2.7% Higher – Time to Buy?

Shares of Leonardo S.p.a. (OTCMKTS:FINMF) rose 2.7% during trading on Wednesday . The stock traded as high as $59.55 and last traded at $59.1750. 9,830 shares changed hands during trading, an increase of 137% from the average session volume of 4,143 shares. The stock had previously closed at $57.62.

Leonardo Price Performance

The firm’s 50 day moving average price is $59.61 and its two-hundred day moving average price is $65.09.

Institutional Trading of Leonardo

A hedge fund recently raised its position in Leonardo stock. Generali Investments CEE investicni spolecnost a.s. raised its stake in shares of Leonardo S.p.a. (OTCMKTS:FINMF) by 33.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 43,482 shares of the company’s stock after purchasing an additional 10,903 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Leonardo were worth $2,510,000 as of its most recent SEC filing. 18.02% of the stock is owned by institutional investors.

Leonardo Company Profile

Leonardo S.p.A., trading in the U.S. over-the-counter market as FINMF, is an Italian multinational specializing in aerospace, defense and security. The company designs, develops and manufactures a broad range of products, including helicopters, fixed-wing aircraft, defense electronics, space systems and cybersecurity solutions. Leonardo serves both civil and military clients, providing integrated platforms and support services for complex missions and operations worldwide.

Within its aerospace segment, Leonardo produces tiltrotor and multirole helicopters under the AgustaWestland brand, as well as advanced trainer and transport aircraft.